Engro polymer approves Capex of $9 mln to shift to VCM technology

MG News | November 26, 2018 at 02:41 PM GMT+05:00

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November 26, 2018 (MLN): The Board of Directors of Engro polymer (EPCL) have approved capital expenditure of USD 9 million to shift to pure oxygen based VCM technology, which is expected to reduce raw material consumption by approximately 2%. The project is expected to come online by end of 2020 and will be funded through internal cash generation

VCM production is an air based process. Globally, technologically advanced manufacturers have migrated to pure oxygen based process which has reduced their raw material consumption considerably, the notification added.

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